Matthews™ is pleased to offer the opportunity to acquire Brainerd Market Center, an 80% Leased 44,800± SF value-add multi-tenant retail center located in Chattanooga, TN.
Value-Add Opportunity
At 80% occupancy, Brainerd Market Center offers a rare opportunity of strong “in-place” income with upside in leasing four spaces between 1,600 – 2,800 square feet, representing a potential increase in over $100K in additional NOI.
Walmart Supercenter Shadow
Adjacent to a high performing Walmart Supercenter. Walmart owns its own store.
National Tenant Roster
Brainerd Market Center is leased to national, regional, and local retailers such as Dollar Tree, Cato, It’s Fashion, and City Gear.
Location and Growth
Brainerd Market Center is neighbored by the extensively renovated Eastgate Town Center, a mixed use city center with retail and office uses. The nearby Sofia’s Place is an award winning multifamily development, delivered in 2024 featuring 56 new townhomes with modern two and three bedroom units, creating additional foot traffic to Brainerd Market Center.
Long Term Tenancy
With an average tenant tenure of 12.5 years and several in place since inception, Brainerd Market Center boasts a stable in-place occupancy with substantial upside in leasing.